expenditure


Pronunciation key

( ik-spen′di-chẽr )

expenditure

n.

[< ML. expenditus irreg. pp. for L. expendere; + +ure].

  1. An expending, the using up of money; spending, time, etc. An expense.
  2. The amount of time and money that is consumed. Resources that are expended.

Expenditure tax. A tax which is levied on the total consumption expenditure of the individual and collected from the consumer. It may be a proportional or a progressive tax; its advantage is, the elimination of supposed adverse effect of the personal income tax on investment and saving incentives. It is difficult to administer and has been applied with only limited success in Sri Lanka (Ceylon) and India.

References

  • Webster's New World Dictionary of the American Language (College Edition) ©1955
  • Encyclopedia Britannica Micropedia ©1984
  • The American Heritage Dictionary, Second College Edition ©1985

    • Related Terms

  • expend
  • expendable
  • expense
  • expensive

    • Further Reading

  • Definition of a Revenue Expenditure in Accounting
  • State expenditure (definition)
  • expenditure (definition)
  • expenditure (definition)
  • expenditure (definition)
  • Consumer Expenditure Survey (CE)
  • Definition of 'Capital Expenditure - CAPEX'
  • expenditure (definition)
  • expenditure (definition)
  • expenditure (definition)

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